Skip to main content

Stewart Lender Services Announces the Acquisition of REO Specialist PMH Financial

Jul 11, 2011

Stewart Lender Services (SLS), a wholly-owned subsidiary of Stewart Title Company, has announced the acquisition of a majority ownership interest in PMH Financial. PMH, previously majority-owned by Braddock Holdings Company, private equity affiliate of Denver-based Braddock Financial Corporation, was founded in 2005, and is a full-service real estate-owned (REO) outsource and subservicing company. “This transaction represents a strategic acquisition for Stewart Lender Services,” said Jason Nadeau, president and chief executive officer of Stewart Lender Services (SLS). “PMH will provide a great deal of synergy with a number of Stewart clients and services. PMH’s senior leadership team has some of the leading REO and servicing executives in our industry. We are very excited to have them join our team.” PMH provides REO services, short sale management, collateral valuation, subservicing, loan review and due diligence services to national and regional lenders. With a staff of more than 100 professionals in six states, PMH manages an active inventory of approximately $2.5 billion in real estate assets on behalf of financial institutions, loan servicers and hedge fund investors. “This is an excellent move for our clients and helps to position our company for continued growth,” said Ken Blevins, president and chief executive officer of PMH Financial. “Stewart is a market leader in providing a comprehensive set of default and mortgage origination services. By joining Stewart Lender Services, we can deliver greater value to our clients while offering them an expanded line of related products and services.”
About the author
Published
Jul 11, 2011
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024